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For this question part (a) CA calculation, I think all the three motor cars should be included in the Main Pool, but not separately listed out like showing in the answer. Am I wrong? Or this is due to syllabus change?
BTW, what is the difference between financial year, tax year and accounting year?
Thanks?
If you are attempting past papers off the ACCA website then you should not, as other than for June 2014 they are not updated for Finance Act 2013. You need to purchase an exam kit / revision questions and answers from one of the approved suppliers.
If you do not know the definitions you mention then you certainly should not be attempting past exam questions as these are fundamentals – it also suggests that you have not read the OT course notes, chapter 2 – section 1 – computation of taxable income and the definitions section at the start of chapter 15 – please refer!
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